EBAY INC Stock Code EBAY.NAS
Outlook
Price broke above the cloud on 16 April 2020 and has been in an uptrend, reaching a high of $61.06 on 13 July 2020. After that high price has been in a consolidation. The decline brought price to the upper edge of the cloud which is likely to provide support. Twice during the consolidation, price has managed to hold above $53.70. Conversion and Base lines have not had a bullish crossover as yet. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bearish but is near to the zero line. MACD had a bullish crossover in the previous trading session, hinting that a trend reversal could be underway.
Strategy
$56.80 Buy
$61.25 Price Target
$53.05 Risk Management Stop
3 weeks Trade Duration
